IPO-Bound InsuranceDekho’s Cofounders Mull Move To Promoter Roles, Company Denies
IPO-bound InsuranceDekho’s cofounders – CEO Ankit Agrawal and CTO Ish Babbar – are in talks to step down from their…
InsuranceDekho, the IPO-bound insurance startup, is reportedly considering shifting its co-founders Ankit Agrawal and Ish Babbar to promoter roles. This move comes as the company prepares for its potential IPO, which is expected to take place by March 2027. Sources indicate that the founders are in discussions with board members over the strategic direction of the recently merged business.
Should the founders take on promoter roles, professional management will likely take over the day-to-day operations of the business. InsuranceDekho and the RenewBuy group announced their consolidation earlier this month, with Agrawal taking the helm as CEO. Babbar remains in charge of the tech department. The company has denied these reports, stating that the founders remain actively involved in the company's strategy and growth.
InsuranceDekho aims to raise around ₹3,000-4,000 Cr through its IPO, with a valuation of approximately ₹9,500 Cr. The startup, founded by Agrawal and Babbar in 2016, offers a range of insurance products and recently merged with RenewBuy, India's largest AI-enabled insurance distribution platform.
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